Access, Wema Bank Top Volume Drivers in Nigerian Market
Access Holdings, Wema Bank and Secure Electronic Technology were top volume drivers in the Nigerian Exchange (NGX) last week as demand for financial stocks increased.
The Nigerian equities market traded for four days, following the Federal Government’s declaration of 3 and 6 April 2026 as public holidays for Easter.
The market rebounded from last week’s losses, driven by higher activity in the banking and consumer goods sectors, Futureview Financial Limited noted.
Broadstreet analysts reported that the NGX All-Share Index (ASI) rose 0.39% to 201,698.89 points, lifting market capitalisation by 0.65% to ₦129.81 trillion.
The gains were supported by new share listings, including VFD Group’s 5.07 billion and FCMB Group’s 23.18 billion ordinary shares on 2 and 1 April, respectively. Sector performance was mixed, with two of the five major indices posting gains.
Stockbrokers Futureview Financial Limited reported that twenty-nine stocks advanced, led by MULTIVERSE (+20.66%), UNILEVER (+10.00%), CADBURY (+9.05%), NAHCO (+8.85%), and MTNN (+5.85%).
Meanwhile, fifty-seven declined, led by MAYBAKER (-16.57%), NESTLE (-10.00%), SKYAVN (-9.97%), HONYFLOUR (-6.98%), and DANGSUGAR (-5.71%), reflecting a market split between strong consumer and industrial performers and lagging heavyweight counters.
Meanwhile, a total of 2.86 billion shares, valued at ₦113.597 billion, were traded this week by investors on the floor of the Exchange, in contrast to 3.950 billion shares valued at ₦201.31 billion that exchanged hands last week.
The Financial Services Industry (measured by volume) led the activity chart, with 1.811 billion shares valued at ₦61.90 billion traded in 86,818 deals, contributing 63.41% and 54.49% to the total equity turnover volume and value, respectively.
The Services Industry followed with 299.895 million shares worth ₦2.97 billion in 13,797 deals. Third place was the ICT Industry, with a turnover of 183.23 million shares worth ₦14.65 billion in 25,287 deals.
Trading in the top three equities, namely WEMA BANK PLC, ACCESS HOLDINGS PLC and SECURE ELECTRONIC TECHNOLOGY PLC (measured by volume), accounted for 734.66 million shares worth ₦14.13 billion in 12,319 deals, contributing 25.72% and 12.44% to the total equity turnover volume and value, respectively.
Overall, twenty-nine equities appreciated in price during the week, down from forty-seven in the previous week, Futureview Financial said in a note. Stockbrokers added that fifty-seven equities depreciated in price, higher than forty-five equities in the previous week, while sixty-two equities remained unchanged, higher than fifty-six recorded in the previous week. MTN Nigeria Lost N1.02trn over Large Scale Selloffs
